Economy
Business and economy news
1542 articles in this section
Syria Launches Ambitious Plan to Build Two Million Homes by 2035 to Overcome Housing Crisis
Syria has announced plans to build and rehabilitate two million homes by 2035 to combat its severe housing shortage, supported by major foreign investments and returning citizens.
Saudi Arabia Relieves Asian Oil Markets with Massive 100 Million Barrel Sale
Saudi Arabia has sold nearly 100 million barrels of oil to Asian buyers in a week to avert a supply crunch, routing shipments through the Strait of Hormuz as pipeline repairs continue.
Al Meera Launches Nationwide Online Shopping Campaign Offering 10% Discount
Al Meera is offering a 10% discount on eligible online purchases through its application and website from 24–30 September 2026 for registered Wafa members.
Syria Tourism Surges as International Arrivals More Than Double in 2026
Syria's tourism sector experienced a massive recovery in early 2026, with international arrivals surging and visitor numbers more than doubling compared to the previous year.
Uncertainty Grips Kenya's Magadi as Government Clashes with Tata Chemicals Over Century-Old Mining Operations
The Kenyan government has suspended operations at Tata Chemicals Magadi's century-old soda ash plant, sparking a debate over regulatory compliance, local benefits, and the economic future of the Magadi community.
Japan Urges Inclusive Diplomacy to Resolve Strait of Hormuz Crisis and Protect Energy Supplies
Japanese Prime Minister Sanae Takaichi called for inclusive international talks to resolve the Strait of Hormuz crisis and restore free, safe navigation for vital energy shipments.
Severe US Aviation Sanctions Cripple Iran Flights and Force Travelers onto Dangerous Overland Routes
Severe US aviation sanctions and airspace bans have grounded Iranian carriers, forcing civilians to endure grueling overland journeys and pushing up travel and import costs.
Former KPMG Manager Alleges Wrongful Termination Following Workplace Harassment Over Keffiyeh
A former KPMG manager alleges she was wrongfully fired after facing harassment over wearing a keffiyeh, amid wider discussions involving international tensions.
KPMG Manager Fired After Facing Harassment Over Her Keffiyeh, Accuses Firm of Retaliation
A KPMG manager reports that she was fired after experiencing workplace harassment over her keffiyeh.
Europe Unveils Subsidies and Tax Cuts to Combat Soaring Energy Costs Amid Global Conflict
European governments are introducing subsidies and tax cuts to ease the burden of soaring energy costs driven by conflicts in the Middle East. However, critics argue these short-term measures fail to address the underlying structural vulnerabilities in energy systems.
UAE Central Bank Imposes Transaction Ban on Bank Melli Iran Over AML Violations
The UAE Central Bank has banned Bank Melli Iran from conducting transactions between its UAE branches and Iran due to anti-money laundering and regulatory violations.
IOM Chief Declares No Legal Basis for International Strait Fees
The IOM chief asserts there are no legal grounds for fees on international straits, while Priests Against Genocide display a shroud with the names of children killed in Gaza.
UAE Central Bank Blocks Bank Melli Iran Transactions Amid Escalating Regional Tensions
The UAE Central Bank has barred Bank Melli Iran from conducting transactions as oil hits $100 a barrel and regional tensions continue to escalate around Iran peace talks and conflicts.
Oil Prices Hover Near $100 a Barrel Amid Iran Peace Talks and Saudi Supply Recovery
Oil prices hovered near $100 a barrel as diplomatic talks between the US and Iran continued in New York and Saudi Arabia worked to restore crucial supply routes.
As Xi Meets Trump: Analyzing the State of the US-China Trade War
As Presidents Donald Trump and Xi Jinping prepare for high-level talks, bilateral trade between the US and China has sharply declined amid ongoing tariffs and technological rivalry. However, China continues to expand its exports globally while the US trade deficit remains stagnant.
Abu Dhabi Extends Mandatory Occupancy Certificate Deadline to November 30 for Property Owners
Abu Dhabi has extended the deadline for property owners to obtain mandatory occupancy certificates to November 30, with fines up to Dh1 million for non-compliance.
Supertanker Earnings Skyrocket Near $650,000 Per Day Amid Deepening Middle East Supply Disruptions
Supertanker earnings have surged to nearly $650,000 per day as ongoing Middle East disruptions squeeze global shipping capacity and force tankers into longer journeys.
US Energy Adviser Urges Gulf States to Build New Oil Routes Bypassing Strait of Hormuz
A top US energy adviser stresses the urgent need for Gulf states to develop alternative oil transit routes that bypass the Strait of Hormuz to secure global energy supplies amidst ongoing Middle East conflicts.
Europe's Leading Private Markets Firm EQT Establishes First Middle East Hub in Abu Dhabi
Europe's largest private markets investment firm, EQT, is establishing its first Middle East office in Abu Dhabi's ADGM to tap into regional investment opportunities across the Gulf.
Nasdaq Reaches Record High as Artificial Intelligence Boom Overcomes Market Headwinds
Wall Street's Nasdaq hit an all-time high as strong enthusiasm for artificial intelligence overshadowed broader market concerns and geopolitical tensions.
Iran Suspends Flights to Baghdad and Muscat Ahead of Impending US Aviation Sanctions
Iran cancels flights to Baghdad and Muscat ahead of new US aviation sanctions that threaten global service providers with financial penalties.
NYC Mayor Mamdani Secures Record $131M Settlement with DoorDash for Underpaid Workers
New York City Mayor Zohran Mamdani announced a record-breaking $131m settlement with DoorDash to compensate 260,000 underpaid delivery workers.
Echoes of History: How Sudan's Ongoing War is Fueling a Catastrophic Man-Made Famine
As ongoing conflict devastates Sudan, historians and activists warn that the current man-made food crisis is echoing the worst historical famines in the country's memory.
Sharjah's Al Taawun Square Set to Reopen Ahead of Major Book Fair
Al Taawun Square in Sharjah will reopen on November 4 ahead of the Sharjah International Book Fair to ease visitor congestion, alongside updates on ongoing tunnel and lake projects.